DOHA: The value of Qatar’s Gross Domestic Product (GDP) in second quarter of 2013, at constant prices (2004), is estimated at QR88.83bn ($24.39bn) which shows an increase of six percent (year-on-year basis) compared to the estimate of QR83.82bn ($23.01bn) in Q2 2012. However, if compared to the previous quarter (Q1 of 2013), the total output of the economy, during April-June quarter of 2013 registered a marginal growth of 0.6 percent, according to the preliminary data released by the Ministry of Development Planning and Statistics (MDPS).
While the GDP at current prices or nominal GDP, stood at QR181.07bn in the second quarter (Q2) of 2013 up by 6.1 percent QR170.72 compared to the corresponding quarter last year.
The Ministry has released the preliminary estimates of GDP both at constant and current prices for Q2 2013. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.
The gross value added (GVA) of the ‘mining and quarrying sector’ at constant price in Q2, 2013 has been estimated at QR37.25bn, which shows an increase of one percent over the estimate of Q2, 2012 placed at QR36.88bn.
Where as the GVA estimate of ‘non-mining and quarrying sectors’ in Q2, 2013, totalled at QR51.58bn, which shows an increase of 9.9 percent over the estimate of Q2, 2012 placed at QR46.94bn.
The GVA of ‘manufacturing sector’ is estimated at QR8.34bn in Q2, 2013 showing an increase of 6.4 percent over the estimate of corresponding quarter of 2012 (QR7.83bn. As compared to the previous quarter (Q1 2013), there has been a growth of 0.4 percent.
The growth in this activity has resulted from the rise in the production of chemicals, fertilisers, rubber and plastic products. The gross value addition in the ‘construction’ sector stood at QR10.64bn in Q2 of 2013 witnessing a growth of 11.4 percent compared to the GVA of QR9.54bn in the corresponding quarter last year.
The ‘trade, hotel and restaurants sector’ is estimated at QR6.60bn in Q2 of 2013 recording an increase of five percent over the corresponding quarter figures of QR 6.28bn in 2012. The sector during the period grew by 3.7 percent (year-on-year basis).
While the ‘transport and communication sector’ generated a value addition of QR5.86bn in Q2, 2013 against QR5.16bn estimated in Q2, 2012. It shows a rise of 13.6 percent. However, when compared to the previous quarter (Q1 of 2013), the GVA estimate is down by 3.9 percent, a seasonal phenomenon in the transport activities seen in earlier years also.
For ‘finance, insurance, real estate & business services’, the GVA is estimated at QR10.08bn in Q2 of 2013, showing an increase of 15.4 percent when compared to the corresponding quarter (Q2) estimate of QR8.73bn in 2012. Compared to the previous quarter (Q1 of 2013), a decline of 0.2 percent in the Q2 of 2013 has been noticed.
The contribution of the ‘Government Services’ which includes the provision of public health, education and other miscellaneous services, is estimated at QR9.83bn in Q2 2013, which is 9.6 percent higher than the estimate of Q2 of 2012 (QR8.96bn).
The Peninsula
